Senior Associate, Actuarial and Funding Risk, Institutional investment manager, London

Responsibilities

• Deliver and enhance actuarial and funding risk modelling, analysis and reporting for LGPS partner funds.
• Prepare asset-liability risk modelling using ALM software and oversee long-term funding strategy.
• Set up, run and check ALM analysis and reports prior to review.
• Develop and monitor client funding risk appetite statements.
• Provide risk oversight of strategic asset allocation advice to partner funds.
• Track long-term funding and contribution strategy and associated risks.
• Maintain and improve risk data, models, systems and reporting processes.
• Drive process efficiencies and automation in analysis and reporting.
• Support risk, client management and investment strategy teams on BAU and projects.
• Contribute to climate risk scenario analysis and other thematic risk projects.
• Review and quality-assure associates’ work for compliance with scheme rules, procedures, standards and legislation.
• Prepare regular risk outputs and board/Executive papers, and brief the CRO as required.
• Ensure actuarial reporting complies with TAS 100; maintain policies and desk procedures.
• Monitor regulatory and market developments, especially LGPS regulations, and share insights.
• Research wider pensions market funding trends to inform risk perspectives.

Requirements

• IFoA status: Newly Qualified, Nearly Qualified or Associate level.
• 5+ years’ experience in DB pension risk management, consulting or ALM-focused roles.
• Strong modelling and Excel skills; experience with ALM software; coding exposure preferred.
• Power BI and Python advantageous; knowledge of Ortec GLASS desirable.
• Ability to meet tight deadlines, prioritise effectively and deliver high-quality work.
• Clear communicator able to explain technical matters to stakeholders.